Big Data • Big Analytics • Big Insight

News in Brief

AI Startup Raises $103.5M to Expand Development

Nov 25, 2014 |

Artificial intelligence startup Sentient Technologies said it would use the $103.5 million raised in its most recent funding round to expand its distributed AI products and services. San Francisco-based Sentient said Nov. 24 that the Series C funding round boosts the amount of venture funding raised so far to $143 million. Access Industries led the latest round along with Tata Communications. Existing investors include Horizon Ventures and a group of private investors in the financial, consumer and real estate sectors. Read more…

‘Datathons’ Emerge as Training, Recruitment Tool

Nov 24, 2014 |

As a big data ecosystem begins to flourish, “datathons” are emerging as a way to attract future data scientists since participants are required during competitions to collaborate with team members from other disciplines. The latest example comes from Ireland where a university working with a regional bank recently awarded a “big data prize” to a pair of brothers studying the commercial applications of computer science. The brothers, Sam and Jeremy Bowles, computer science students at the Dublin Institute of Technology Read more…

CNBC Looks to Scale Market Analytics

Nov 21, 2014 |

CNBC, the cable financial news channel, said this week it is joining forces with market analytics platform developer Kensho Technologies Inc. through a strategic investment and a content sharing agreement aimed at developing a new financial data analytics tool that adds another market ticker to the cable channel’s network feed. Terms of the investment and a separate content sharing deal were not disclosed. The deal is part of a strategic investment in Kensho by CNBC’s parent, NBCUniversal News Group. The Read more…

Seeing the Forest For the Trees With Analytics

Nov 20, 2014 |

Climate science, with its seemingly unlimited number of variables, is tailored-made for closer scrutiny using big data tools. With that notion in mind, researchers at the University of Alberta have begun using streaming analytics software provided by IBM to detect, visualize and—most important for meteorologists and climate scientists—predict in real-time subtle changes in the environment. Canadian and international researchers working with the University of Alberta’s Enviro-Net project are attempting to monitor the impact of climate change on the world’s forests Read more…

Teradata Has Hadoop Covered with MapR Partnership

Nov 19, 2014 |

Teradata completed a trifecta of sorts today when it announced a strategic partnership with MapR Technologies. The partnership comes on the heels of similar deals Teradata formed with the two other pure-play Hadoop providers, Cloudera and Hortonworks. But this deal is different insofar as what MapR can bring to the table, the new partners say. As part of the deal, Teradata will become a reseller for all of MapR‘s products and services, which is similar to the reseller deals it Read more…

Hadoop RDBMS Ready for Primetime

Nov 19, 2014 |

Targeting database architects and application developers, Splice Machine Inc. announced general availability this week of its Hadoop database that had been in beta testing since May. The Hadoop relational database management system is designed to reduce the costs of developing real-time applications by, for example, eliminating the need for expensive proprietary hardware. The relational database for operational applications is being positioned as a replacement for Oracle and MySQL databases that might be running out of steam or are becoming too Read more…

Vertica Gets Hadoop Upgrade

Nov 18, 2014 |

An analytics platform unveiled this week by Hewlett-Packard allows access to data residing on a range of Apache Hadoop distributions. HP said Nov. 17 its Vertica for SQL on Hadoop platform provides a pathway to data residing on Apache-based data lakes as well as Cloudera, Hortonworks, MapR or any combination the these Hadoop distributions. The new analytics platform reflects HP’s push to integrate the distributed computing technology for exploring data stored on the Hadoop Distributed File System (HDFS). While large Read more…

Using Wiki-data to Monitor, Forecast Disease Outbreaks

Nov 17, 2014 |

Researchers at Los Alamos National Laboratory used open source data culled from the online encyclopedia Wikipedia to develop a disease monitoring and forecasting tool they claim is more comprehensive than existing tools. Using Wikipedia access logs, the government researchers said they applied linear models, language (as a proxy for location) and a Wikipedia article selection procedure to test 14 combinations of location and disease outbreaks. The results suggest that their models could be transferred from one location to another without Read more…

Banks Sit on Customer Data as Needs Go Unmet

Nov 13, 2014 |

The nation’s retail banks have a potentially bigger problem than complaints about fees and low interest rates on savings accounts: Despite sitting on a “gold mine” of data, a survey finds that financial institutions use little of this business intelligence to better understand their customers. The inaction compounds a larger problem faced by banks, according to survey results released this week by enterprise data management specialist NGDATA. The survey found that nearly half of respondents rank customer service highest when Read more…

Google Targets Big Genome Data

Nov 12, 2014 |

Google wants to leverage the infrastructure that runs its dominant search engine, Google Maps and Gmail to help analyze and share big genomic data. Google Genomics is being promoted as a way to store growing DNA data in the cloud. Users could load and export genomic data for free, then pay about $25 a year for storage and queries. Storage is calculated in terabytes per month, queries in millions of API calls. The search giant joins other cloud giants in Read more…